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Stock impact report

Eos Energy Secures 400 MWh Order with International Electric Power to Deliver Critical Resilience in California

Eos Energy Enterprises, Inc. (EOSE) 
Company Research Source: GlobeNewswire
EDISON, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), America’s leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, today announced a 400 MWh standalone storage order with International Electric Power (“IEP”). This marks the second agreement and third project with IEP, a leading developer in the energy space deploying multiple technologies, and builds on Eos’ successful prior delivery of its battery systems to a Texas-based IEP project earlier this year. The project, partially funded by the California Energy Commission’s (CEC) Long Duration Energy Storage Program, is set to be deployed at Marine Corps Base Camp Pendleton in San Diego County with expected delivery to begin in 2025. This order, which is structured with a down payment, represents a significant milestone in the continued commitment to enhance grid resilie Show less Read more
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